Fincare Small Finance Bank Hikes Interest Rates On FD W.e.f. 21.03.2022

Fincare Small Finance Bank (SFB) has increased the interest rate on fixed deposits of less than Rs 2 crore by 25 basis points (bps) to 50 bps. The bank formerly offered a 6.50 percent interest rate on deposits maturing in 36 months 1 day to 42 months, but from today/March 21, 2022, the bank will provide a 6.75 percent interest rate, a 25 basis point increase. Similarly, the bank formerly paid a 6.25 percent interest rate on deposits expiring in 42 months 1 day to 48 months, but now the rate will be 6.75 percent, a 50 basis point hike. Whereas on deposits maturing in 48 months 1 day to 59 months the bank was earlier paying an interest rate of 6.25% but now the interest rate will be 6.75% a hike of again 50 bps. These rates are applicable to the general public and senior citizens will continue to get an additional rate of 0.50% over and above the regular rate across all tenors. Except for the tenors specified above, the bank's interest rates have remained unaltered.

Fincare Small Finance Bank FD Interest Rates For Non-Senior Citizens

The bank is currently giving the following interest rates to the general public on resident fixed deposits of less than Rs 2 crore maturing in 7 days to 84 months.

Tenure	Regular interest rates p.a.
7 days to 45 days	3.00%
46 days to 90 days	3.25%
91 days to 180 days	3.50%
181 days to 364 days	5.15%
12 months to 15 months	6.00%
15 months 1 day to 18 months	6.00%
18 months 1 day to 21 months	6.00%
21 months 1 day to 24 months	6.00%
24 months 1 day to 30 months	6.50%
30 months 1 day to 36 months	6.25%
36 months 1 day to 42 months	6.75%
42 months 1 day to 48 months	6.75%
48 months 1 day to 59 months	6.75%
59 months 1 day to 66 months	6.75%
66 months 1 day to 84 months	5.50%
Source: Bank Website, w.e.f. 21.03.2022

Fincare Small Finance Bank FD Interest Rates For Senior Citizens

On resident term deposits of less than Rs 2 crore maturing in 7 days to 84 months, the bank is now offering the following interest rates to elderly residents having above the age of 60 years.

Tenure	Senior citizens interest rates p.a.
7 days to 45 days	3.50%
46 days to 90 days	3.75%
91 days to 180 days	4.00%
181 days to 364 days	5.65%
12 months to 15 months	6.50%
15 months 1 day to 18 months	6.50%
18 months 1 day to 21 months	6.50%
21 months 1 day to 24 months	6.50%
24 months 1 day to 30 months	7.00%
30 months 1 day to 36 months	6.75%
36 months 1 day to 42 months	7.25%
42 months 1 day to 48 months	7.25%
48 months 1 day to 59 months	7.25%
59 months 1 day to 66 months	7.25%
66 months 1 day to 84 months	6.00%
Source: Bank Website, w.e.f. 21.03.2022

Fincare Small Finance Bank RD Rates

On recurring deposits of less than Rs 2 Cr, the bank is currently offering the following interest rates to the customers. The below-stated rates are for the general public and senior citizens will get an additional rate of 0.50% across all tenors.

Tenure	Interest rates p.a.
7 days to 45 days	3.00%
46 days to 90 days	3.25%
91 days to 180 days	3.50%
181 days to 364 days	5.15%
12 months to 15 months	6.00%
15 months 1 day to 18 months	6.00%
18 months 1 day to 21 months	6.00%
21 months 1 day to 24 months	6.00%
24 months 1 day to 30 months	6.50%
30 months 1 day to 36 months	6.25%
36 months 1 day to 42 months	6.75%
42 months 1 day to 48 months	6.75%
48 months 1 day to 59 months	6.75%
59 months 1 day to 66 months	6.75%
66 months 1 day to 84 months	5.50%
Source: Bank Website, w.e.f. 21.03.2022